Nifty and Bank Nifty recovered from the day’s low and closed higher today.
Nifty held the support zone 17380-360 on a closing basis and closed above the 17480 resistance. Now to continue this bullish momentum, bulls need to hold the 17430-20 zone. On the upside, 17670 is the resistance level.
Bank Nifty also held the 36800 support level on a closing basis. But it didn’t close above the 37300-37500 resistance zone. Until Bank Index holds 36800 (on a closing basis), it is positive and can again move back above 38000 levels.
Nifty Intraday Levels
Nifty bulls need to break & sustain above 17580 to move towards 17620/17670/17740 levels.
On the lower side, the Gann support level is 17520; below that Index can move towards 17480/17420/17360.
Bank Nifty Intraday Levels
Bank Nifty bulls need to break & sustain above 37350 to move towards 37500/37700/37850.
On the lower side, the Gann support level is 36990; below that Bank Nifty Index can move towards 36850/36650/36400 levels.
Note: The above levels are for educational purposes only, not Buy/Sell advice.